Wednesday, February 04, 2009

Ticketmaster, Live Nation Near Merger

If there is one business I imagine Mr. Burns running...this would be it. From WSJ:

"Ticketmaster Entertainment Inc. and Live Nation Inc. are close to a merger, people familiar with the matter said, in a deal that would consolidate two of the most powerful forces in the music industry under one roof.

The combined company would be called Live Nation Ticketmaster, and would merge the world's biggest concert promoter with the world's dominant ticketing and artist-management company. The resulting firm would be able to manage everything from recorded music to ticket sales and tour sponsorship. It could package artists in new ways, for example, allowing corporations such as a cellphone provider to sponsor a concert tour and to sell an exclusive download of a song."

"Lo and then I saw the angel break the seventh seal, and the sea did run with blood, and all little children wept, and then the locusts ate the eyes of the innocent, and the people did mourn and gnash their teeth, and Phish didst play a set that was naught but seventeen exact renditions of Mexican Cousin, but it mattered not to the righteous, for Lo! They had no tickets."